Mariner Wealth Advisors has agreed to buy Florida-based Arbor Wealth Management for an undisclosed amount.

This deal, Mariner’s first this year, will add around $527m in assets under advisement (AUA) to its books.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

The firm, which completed 14 transactions last year, is continuing its buying spree into 2022 to further broaden its US footprint.

Arbor Wealth will mark Mariner’s fifth Florida office and its first in the Destin area. Following the acquisition, the firm will have 69 offices across 31 states.

Founded in 2010 by Margaret McDowell, Arbor Wealth provides wealth management, financial planning, and asset management services to 430 clients.

Mariner Wealth Advisors president and CEO Marty Bicknell said: “Arbor Wealth’s proven track record of growth and stellar group of advisers make the team an ideal fit to integrate into our fast-growing, close-knit culture.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

“I’m excited to welcome this next generation of leaders and advisers to the Mariner Wealth Advisors family.”

Under the agreement, Arbor Wealth will rebrand to Mariner Wealth Advisors but will retain its existing team.

Arbor Wealth Management wealth manager Andrew McDowell said: “Joining Mariner Wealth Advisors provides access to expanded wealth management capabilities.

“We look forward to operating as part of a larger brand and continuing to drive growth under the Mariner Wealth Advisors name.”

In August last year, Mariner teamed up with Riskalyze to give its financial advisers access to the latter’s risk alignment and portfolio analytics platform.